Equity and Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Stock-Based Compensation Expense Recognized

Total stock options, SARs, RSUs and RSAs. The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three months ended March 31, 2018 and 2017 was as follows (in thousands):

	For the Three Months Ended March 31,
Consolidated Statements of Comprehensive Income Classification	2018		2017
Cost of software-enabled services	$	3,544	$	2,729
Cost of license, maintenance and other related		1,094		1,106
Total cost of revenues		4,638		3,835
Selling and marketing		2,682		2,673
Research and development		2,083		1,987
General and administrative		3,299		2,405
Total operating expenses		8,064		7,065
Total stock-based compensation expense	$	12,702	$	10,900

Summary of Stock Option and SAR Activity

The following table summarizes stock option and SAR activity as of and for the three months ended March 31, 2018:

	Shares
Outstanding at December 31, 2017		31,339,515
Granted		347,500
Cancelled/forfeited		(218,882	)
Exercised		(1,413,744	)
Outstanding at March 31, 2018		30,054,389

Summary of RSU Activity

The following table summarizes RSU activity as of and for the three months ended March 31, 2018:

	Shares
Outstanding at December 31, 2017		183,076
Granted		24,923
Cancelled/forfeited		(556	)
Vested		(14,628	)
Outstanding at March 31, 2018		192,815